A Step-by-Step-Guide on how to buy DigitalBits (XDB)
Step 1 – Signup to Kraken You'll first need to buy one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and to get ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin or Ethereum to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. DigitalBits (XDB) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate DigitalBits (XDB) Once your deposit has been approved, you'll now have access to your assets and you can launch purchasing and trading. To purchase DigitalBits (XDB) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To spot DigitalBits (XDB), you'll need to put the cointype (XDB) into the search box, which is highlighted in the image. Be certain of having choosen the right grouping, we've marked this too. Click on “XDB/BTC” to proceed.
Step 4 – Buying DigitalBits (XDB) As soon as you've located DigitalBits (XDB), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we are creating our own Limit Order. The ”Price” field will be automatically filled with the most recent rate DigitalBits (XDB) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of XDB you want to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the whole quantity of XDB. When you're satisfied, click on “Buy XDB”. Your order will be filled as soon as a Vendor sells their XDB for the price you introduced.
Step 5 – Withdraw DigitalBits (XDB) Unless you're frequently trading, best advise is not to keep coins on an Exchange for an extensive time period. To take off your DigitalBits (XDB), go to the tab called “Funds” and click on “Withdraw”. DigitalBits (XDB) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find DigitalBits (XDB) by using the given drop-down box. Drop in the amount of DigitalBits (XDB) you'd like to take off. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a take off.